Imperial Brands (LON:IMB – get ranked) Analysts at Deutsche Bank Aktiengesellschaft raised their price target from £2,250 ($26.61) to £2,325 ($27.49) in a report released on Friday, MarketBeat reported. The brokerage is currently rated “buy” on the stock. Deutsche Bank Aktiengesellschaft’s price target indicates upside potential of 9.67% from the previous close.
Other equity analysts have also recently released research reports on the company. Royal Bank of Canada has reissued an overweight rating and announced a target price for Imperial Brands shares of £2,350 ($27.79) in a report released Friday, November 18. JPMorgan Chase & Co. raised its target price on Imperial Brands from £2,250 ($26.61) to £2,350 ($27.79) and assigned the company an “overweight” rating in a report released on Monday 10 October. Barclays re-released its overweight rating and announced a target price of £2,500 ($29.56) for Imperial Brands shares in a report released on Friday 7 October. Finally, Citigroup has re-issued a ‘Neutral’ rating and announced a target price for Imperial Brands shares of £2,300 ($27.20) in a report released on Friday 11 November. Two analysts rated the stock a Hold and four a Buy. Imperial Brands has a ‘Moderate Buy’ rating and an agreed price target of £2,294.17 ($27.13), according to MarketBeat.
Imperial Brands stock performance
IMB shares opened on Friday at £2,120.04 ($25.07). The shares have a market capitalization of £20.15bn and a PE ratio of 1285.45. The business has a 50-day SMA of £2,021.20 and a 200-day SMA of £1,902.05. The company has a quick ratio of 0.41, a current ratio of 0.80 and a debt to equity ratio of 137.71. Imperial Brands has a 52-week low of 1434.23 GBX ($16.96) and a 52-week high of 2185 GBX ($25.84).
Imperial Brands Company Profile
Imperial Brands PLC, together with its subsidiaries, manufactures, imports, sells and sells tobacco and related products in Europe, the Americas, Africa, Asia and Australasia. It offers a wide selection of cigarettes, finely cut and smokeless tobacco, paper and cigars; and a portfolio of next generation (NGP) products such as e-cigarettes, oral nicotine and heated tobacco products.
This instant news alert was created using MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reporting. This story has been reviewed by MarketBeat before publishing. Please send any questions or comments about this story to [email protected]
Before you settle on Imperial Brands, you need to hear this.
MarketBeat tracks Wall Street’s most popular and effective analysts daily and the stocks they recommend to their clients. MarketBeat identified five stocks that top analysts are quietly whispering to their clients to buy now before the wider market takes notice… and Imperial Brands was not on the list.
While Imperial Brands is currently rated Moderate Buy by analysts, the top-rated analysts believe these five stocks are best buys.
View five promotions here